Member Info for peteryoung

tempted to buy earlier but i cant understand why this is valued at market cap of £2m. not much background information available. Can someone please explain??

last buy yesterday after trading hours for 250,000 shares looks like another director buy

i guess if many people raise a complaint with AIM, they may look at the spread.

https://www.londonstockexchange.com/specialist-issuers/reits/contacts/contacts.htm

The main underlying asset 100% by IIP is Distribution Logistics Infrastructure Limited (DLI) which is a national, infrastructure based, rail-linked logistics company – everyone in India knows DLI. So to value the whole company at £6m is a joke. However there are issues of funding but the this has been resolved. The most comforting this is that the major shareholder (including related parties) who owns 80% of IIP is also financing the company through the loans. The directors own about 5% of the remaining 20% and another 5% is owned by a USA hedge fund - SC Fundamental. That leaves about 10% in the hands of the public. A big fund manager like GGIC wouldn’t want to risk their reputation by screwing minority shareholders who own only 10% of the shares. See the accounts, GGIC has poured over £400m in this project (including this loan) and it’s a joke to value the company at £6m. IIP share price discount to NAV is about 90%. It’s the worst discount to NAV on AIM. Grossly undervalued.

After so many announcements about agreed sale of remaining major asset and now this.

1.5p soon!!!

1.5p soon!!!

Overreaction to wrong news. The company announced that it couldn’t sell an asset (its smallest investment project) worthy only £4m. The value of the Company’s investments is £223.0 million per last accounts and its Net Asset Value is £190 million. Funding to complete its project secured pending finalisation. The final announcement of the funding imminent. Market cap £20 vs Net assets of £190m. If I had cash, I would pile into this company

Despite the uneducated posts below, the stubborn truth is that the this company is a bargain and here is why:

1. The company has consistently made profits. The latest accounts shows a profit from continuing operations before impairments and tax was £6.2 million. Impairments are not cash losses and reduce tax expenses.
2. The company has a steady dividend policy of about 1p per share (compared to share price of about 10-11p. That is a straight 10% return every year.
3. Net assets after writing off assets that are non-performing (impairments) are £138m vs market cap of £40m.
4. Comments about debt below are misleading. The gross debt of £93.5m vs assets of £300m hence gearing ratio is less than 40% and that is why the company can accord to pay dividends to its shareholders instead of paying debt

Preference shareholder do not have voting rights, though they rank higher. If you vote against the resolutions the company will be forced to go bust or make another deal. An administrator will have to be called in and the directors fired. If you don�t vote, the directors/management may keep their jobs and get paid to leave by the buyer�and we are shafted again and not management!

Just got a confirmation that the Executives at FlowGroup will look into my email re the campaign to vote against the proposed resolutions. I encourage you all to write/email Flowgroup/nomad/PR advisers/FCA so that they know how serious this is. You have nothing to lose and the Board cannot take shareholders for granted!!

You may be right. However the least the retail investors can do is to vote against the resolutions = the Board will lose out as well. Liquidation/insolvency process takes ages and Palm/Lombard may also be forced to come to a deal with shareholders

To me the Board has just been used to walking over the shareholders for so long. What is silly is to ask investors to support a vote re selling the remaining asset and tell the investors that they will get nothing. There is nothing to lose for the shareholders if they block the sale. There is slight chance of upside but no further downside. If the proposals are voted down, there are a number of options available: 1. The Board may offer something to the shareholders 2. The board may look for another exit strategy- get more offers. 3. Perhaps get private placement etc

Please contact your broker when the General meeting is announced and simply email them to vote against the proposals. It will take you a few minutes but will put the Board�s plan in jeopardy. Why should shareholders vote to sell the investment is the expected return is nil. In the meantime, I advise you to flag your intension to vote against the Board actions by emailing the following key contacts and follow through your plans with emailing your broker and make sure your broker gets the message. 1. Flowgroup plc: Flowgroup@walbrookpr.com'; info@flowgroup.uk.com 2. Smith Square Partners LLP (financial adviser) : michelle.mcpherson@smithsquarepartners.com 3. Cenkos Securities plc (Nominated adviser and broker): info@cenkos.com 4. Walbrook PR Ltd (Financial PR advisers) - info@walbrookpr.com Share this information with other investors /social forums etc

I have changed the contact details on Action Group to BHRshareholders@outlook.com. Hope its ok with you. Fill forward other details too.

Gents/Ladies i have updated BHR Action Group with some of the actions taking place behind the scene. Redbike and I are the current admin pple. But anyone with a little more time is welcome to take over from me and perhaps improve the site and coordinate the work. http://bhr-investors.com/ - see section under "2015 ACTION PLAN". Feel free to add your comments on the site.

Gents i dropped you an email. could you please pick it up. Been a while but still firing on all cylinders. We need to pursue a parallel case with the auditors.

thanks Andy & all you have attended.